For Sale
$825,000

8695 Knox Bridge HwyCanton, GA 30114

High-Traffic Residential Land, Investment Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This 0.98-acre property in Canton, Georgia, boasts 124 feet of frontage on Highway 20, enjoying an average daily traffic count of 15,000 vehicles. Currently improved with a two-unit duplex (each unit featuring two bedrooms and one bath), providing immediate rental income. The property's location within a future land use commercial and neighborhood corridor presents significant development potential. A planned DOT widening project on Highway 20 is expected to further increase traffic and potentially necessitate DOT compensation for additional road right-of-way. The rear portion of the lot offers space for additional development, possibly another duplex or single-family home, with potential for annexation into the City of Canton for expanded commercial or multi-family uses. The property's proximity to the River Green master-planned community (1,200 homes) and other established neighborhoods like Bridgemill adds to its appeal. This is an exceptional opportunity for investors seeking a property with strong rental income and significant future development potential in a high-growth area. The property is zoned residential, but annexation into the city for commercial use is possible. The asking price is $825,000. The property was built in 1973 and is located at 8695 Knox Bridge Highway, Canton, GA 30114.

Highlights

  • $825,000 asking price for 0.98-acre land parcel.
  • Located at 8695 Knox Bridge Highway, Canton, GA 30114, with 124 feet of highway frontage.
  • Currently improved with a two-unit duplex (2/1 each), providing immediate rental income.
  • High traffic count (15,000 ADT) on Hwy 20, with potential for DOT compensation due to future road widening.
  • Development potential for additional residential or commercial units, with possible annexation into the City of Canton.

Property Details for 8695 Knox Bridge Hwy

Property type
Land
Year Built
1973
Buildings
1
Lot Size (sq. ft)
42,689 SF

Location Insight

City
Canton
County
Cherokee - GA
State
Georgia
Latitude
34.2140834
Longitude
-84.52103
8695 Knox Bridge Hwy, Canton, Georgia

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8695 Knox Bridge Hwy
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